Nelson Chai Named President of CIT Group
Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.
Business
Hyundai-Kia Closes on 15% of U.S. Car Market
The Hyundai-Kia Automotive Group is expecting its share of the U.S. market to pass 15% for the month of August, the company announced Monday.
Asia Stocks Stabilize After Early Plunge
Asia's stock markets stabilized Tuesday after early plunges as U.S. stock futures hinted at a Wall Street recovery.
China's July Trade Surplus Growth Surprises
China's July trade surplus of $31.5 billion was the biggest in two and a half years, surprising economists.
China's July Car Sales Suggest Stronger 2nd Half
A small but significant rise in China's July car sales and output is being seen as an encouraging sign of a rebound in the making ...
Toyota to Boost Domestic Output to 15,000 Units A Day
Toyota Motor plans to raise domestic daily output to 15,000 units by March, up from its current level of 12,000 units.
Ming Chow Spots Big Security Holes in HTML5
The next big advance in web browsing could be a quantum leap in opportunities for hackers.
H&M to Double Japan Stores by 2012
H&M will more than double the number of stores in Japan over the next year on exploding demand from fashion consumers.
S. Korea Hosts 716,000 Foreign Workers
A growing demand for labor by S. Korea's small firms has swollen the ranks of foreign workers to 2.9 percent of the total labor force.
Japan Q2 GDP Falls for 3rd Straight Quarter
Japan's economy shrank an annualized real rate of 1.3 percent in the April-June quarter.
Japanese Firms Seek Relief in Overseas Operations
Over half of Japan's 105 leading firms plan to counter the strong yen, power shortages and falling share prices by expanding operations overseas.
China Buys Foreign Firms at Record Pace
A growing hunger for consumer brands and industrial technology drove China's outbound M&As to record high levels
Toshiba to Build Major Energy-Efficient Community
Toshiba Corp. will develop one of the world's biggest energy efficient “smart communities” in Osaka Prefecture.
Liming Dai Leads Air Force Nanomaterials Project
Liming Dai will lead a team to develop 3D nanomaterials with the unique properties found in flat nano-structures.
China Becoming 2nd Biggest Aircraft Market
China will need 5,000 new commercial planes valued at $600 billion by 2030.
Toyota May Face Major Recall in China
Toyota's declining market share in China may be further eroded by the possibility of a major recall.
U.S. Solar Failures Give China Dominant Share
Government subsidies and the failures of several U.S. solar power companies make China the dominant solar-panel producer.
Intel to Develop Infotainment System for Hyundai Cars
Intel signed a deal Monday in Seoul to develop an enhanced in-vehicle infotainment platform for cars made by Hyundai and its Kia subsidiary.
Jing Wong Heads Up Qualcomm's Global Business
UVA Law-grad Jing Wang now leads all regions of Qualcomm's global business operations.
Toyota to Turn Camry into Hybrid
>The strong yen is forcing Toyota to stop exporting Camrys to North America just as it unveils an all-new hybrid version.
Japan Rice Prices Jump on Radiation Rumors
Fears that rice from the disaster-struck Tohoku region will turn out to have unsafe levels of radiation have sent up trading prices about 10 percent ...
Dell, Baidu Tie Up to Launch Tablets, Phones in China
U.S. PC giant Dell hopes to gain an edge in China by launching tablet PCs and mobile phones using Baidu Yi.
Jess Lee Creates Truly Interactive Fashion Shopping
Jess Lee's Polyvore gives online fashionistas a digital playpen in which to mix-and-match ensembles before buying.
China Spreads Prosperity with Western Boomtowns
China's go-west strategy is erasing the glaring economic disparity between the prosperous coastal regions and the vast western inland regions.
Audi Sales Surge on Strong China Growth
Luxury carmaker Audi sold 17.1 percent more cars in August over last year on a 25.5 percent jump in China growth.
China Backs London As Yuan Trading Center
China is giving formal approval to London becoming an offshore yuan trading center on Thursday.
U.S. Exports Surge, Shrink Trade Gap
U.S. exports rose 3.6 percent in July to $178 billion on the strength of telecommunications equipment, civilian aircraft, autos and industrial engines.
Ren Ng's Lytro Set to Revolutionize Photography
Ren Ng's Lytro camera can focus a picture that was taken out of focus.
Korean Export Car Prices Hit New High
The average export price of Korean cars for the first half of the year jumped 13.9 percent over last year to a new record high ...
China Trade Surplus Plunged in August
A surge in imports and softening exports nearly halved China's trade surplus in August to just $17.75 billion.
Nike Branded with False Advertising in China
Nike tried to cheat customers in China with a false advertising campaign, claims a Beijing consumer activist.
Strong Yen Pushes Even Small Japanese Firms Abroad
Japan fears hollowing out of its industrial base as more firms shift production to other Asian nations.
McDonald's Tries New Approach for China Success
McDonald's China is loosening up its ownership structure and moving its stores upmarket to maintain growth in a rapidly changing market.
Forever 21's Jin Chang on Forbes Power List
Forever 21 co-founder Jin Chang placed 39th on the Forbes list of the World's 100 Most Powerful Women.
India, China Continue to Lead Gold Buying
India and China continue to lead global gold demand even as prices soar to new records.
GM to Develop Electric Cars with LG
General Motors will join with South Korean chaebol LG to develop electric vehicles (EVs) from scratch.
Sharp to Debut Lightweight, Portable LCD Screens
On September 15 Japan's Sharp will release a series of Freestyle Aquos television sets featuring wireless LCD screens.
Qibing Pei Develops Fully Stretchable OLED
Qibing Pei has led a UCLA team in developing the first fully stretchable organic light-emitting diode.
TDK Doubles Data Density of Hard Drives
Japan's TDK Corp. has doubled the recording capacity of hard disk drives using a new type of recording head.
Japan Sells Gold While Other Nations Buy
Japan is the only major economy where more gold is being sold than bought.
Samsung Pushes Own Bada OS with Wave Smartphones
Samsung powers up its software ambitions with three new smartphones running its proprietary OS.
Monica Woo Tapped to Head Up Sears Marketing
On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp
Ex-China Mobile Chairman Gets Death Sentence
A former China Mobile executive who had confessed to accepting $2.6 million in bribes was given a death sentence on Tuesday.
David Wang Creates Personal Activity Logger
David Wang wants to motivate the average person to achieve fitness goals by staying active in the real world.
China's Rare Earth Dealers Hurt by Price Plunge
A sudden price plunge has caught China's rare earth dealers holding big inventories bought at high prices.
BYD Plans Massive Layoffs As Auto Sales Plunge
The Chinese battery-maker picked by Warren Buffet to become a giant of the global electric-car market is shrinking its workforce as sales plunge.
Kai-Fu Lee Raises $180 Mil. for China Tech Incubator
Former search-engine wizard Kai-Fu Lee has raised $180 million more in venture capital for his China startup incubator.
Chinese Money Behind $1.2 Bil. Offer for Dodgers
Dodgers owner Frank McCourt has received a $1.2 billion offer for the Dodgers funded by China's state-owned investment firms.
Hong Kong Has 3 of World's 10 Priciest Streets
Hong Kong's Causeway Bay trails only Manhattan's Fifth Avenue in a list of the world's most expensive shopping boulevards.
iPad Popularity Revives Shenzhen PC Makers
Shenzhen's PC manufacturers enjoy an unexpected boom thanks to the demand for “white box” tablet PCs.
Nelson Chai Named President of CIT Group
Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.
Hyundai-Kia Closes on 15% of U.S. Car Market
The Hyundai-Kia Automotive Group is expecting its share of the U.S. market to pass 15% for the month of August, the company announced Monday.
Asia Stocks Stabilize After Early Plunge
Asia's stock markets stabilized Tuesday after early plunges as U.S. stock futures hinted at a Wall Street recovery.
China's July Trade Surplus Growth Surprises
China's July trade surplus of $31.5 billion was the biggest in two and a half years, surprising economists.
China's July Car Sales Suggest Stronger 2nd Half
A small but significant rise in China's July car sales and output is being seen as an encouraging sign of a rebound in the making ...
Toyota to Boost Domestic Output to 15,000 Units A Day
Toyota Motor plans to raise domestic daily output to 15,000 units by March, up from its current level of 12,000 units.
Ming Chow Spots Big Security Holes in HTML5
The next big advance in web browsing could be a quantum leap in opportunities for hackers.
H&M to Double Japan Stores by 2012
H&M will more than double the number of stores in Japan over the next year on exploding demand from fashion consumers.
S. Korea Hosts 716,000 Foreign Workers
A growing demand for labor by S. Korea's small firms has swollen the ranks of foreign workers to 2.9 percent of the total labor force.
Japan Q2 GDP Falls for 3rd Straight Quarter
Japan's economy shrank an annualized real rate of 1.3 percent in the April-June quarter.
Japanese Firms Seek Relief in Overseas Operations
Over half of Japan's 105 leading firms plan to counter the strong yen, power shortages and falling share prices by expanding operations overseas.
China Buys Foreign Firms at Record Pace
A growing hunger for consumer brands and industrial technology drove China's outbound M&As to record high levels
Toshiba to Build Major Energy-Efficient Community
Toshiba Corp. will develop one of the world's biggest energy efficient “smart communities” in Osaka Prefecture.
Liming Dai Leads Air Force Nanomaterials Project
Liming Dai will lead a team to develop 3D nanomaterials with the unique properties found in flat nano-structures.
China Becoming 2nd Biggest Aircraft Market
China will need 5,000 new commercial planes valued at $600 billion by 2030.
Toyota May Face Major Recall in China
Toyota's declining market share in China may be further eroded by the possibility of a major recall.
U.S. Solar Failures Give China Dominant Share
Government subsidies and the failures of several U.S. solar power companies make China the dominant solar-panel producer.
Intel to Develop Infotainment System for Hyundai Cars
Intel signed a deal Monday in Seoul to develop an enhanced in-vehicle infotainment platform for cars made by Hyundai and its Kia subsidiary.
Jing Wong Heads Up Qualcomm's Global Business
UVA Law-grad Jing Wang now leads all regions of Qualcomm's global business operations.
Toyota to Turn Camry into Hybrid
>The strong yen is forcing Toyota to stop exporting Camrys to North America just as it unveils an all-new hybrid version.
Japan Rice Prices Jump on Radiation Rumors
Fears that rice from the disaster-struck Tohoku region will turn out to have unsafe levels of radiation have sent up trading prices about 10 percent ...
Dell, Baidu Tie Up to Launch Tablets, Phones in China
U.S. PC giant Dell hopes to gain an edge in China by launching tablet PCs and mobile phones using Baidu Yi.
Jess Lee Creates Truly Interactive Fashion Shopping
Jess Lee's Polyvore gives online fashionistas a digital playpen in which to mix-and-match ensembles before buying.
China Spreads Prosperity with Western Boomtowns
China's go-west strategy is erasing the glaring economic disparity between the prosperous coastal regions and the vast western inland regions.
Audi Sales Surge on Strong China Growth
Luxury carmaker Audi sold 17.1 percent more cars in August over last year on a 25.5 percent jump in China growth.
China Backs London As Yuan Trading Center
China is giving formal approval to London becoming an offshore yuan trading center on Thursday.
U.S. Exports Surge, Shrink Trade Gap
U.S. exports rose 3.6 percent in July to $178 billion on the strength of telecommunications equipment, civilian aircraft, autos and industrial engines.
Ren Ng's Lytro Set to Revolutionize Photography
Ren Ng's Lytro camera can focus a picture that was taken out of focus.
Korean Export Car Prices Hit New High
The average export price of Korean cars for the first half of the year jumped 13.9 percent over last year to a new record high ...
China Trade Surplus Plunged in August
A surge in imports and softening exports nearly halved China's trade surplus in August to just $17.75 billion.
Nike Branded with False Advertising in China
Nike tried to cheat customers in China with a false advertising campaign, claims a Beijing consumer activist.
Strong Yen Pushes Even Small Japanese Firms Abroad
Japan fears hollowing out of its industrial base as more firms shift production to other Asian nations.
McDonald's Tries New Approach for China Success
McDonald's China is loosening up its ownership structure and moving its stores upmarket to maintain growth in a rapidly changing market.
Forever 21's Jin Chang on Forbes Power List
Forever 21 co-founder Jin Chang placed 39th on the Forbes list of the World's 100 Most Powerful Women.
India, China Continue to Lead Gold Buying
India and China continue to lead global gold demand even as prices soar to new records.
GM to Develop Electric Cars with LG
General Motors will join with South Korean chaebol LG to develop electric vehicles (EVs) from scratch.
Sharp to Debut Lightweight, Portable LCD Screens
On September 15 Japan's Sharp will release a series of Freestyle Aquos television sets featuring wireless LCD screens.
Qibing Pei Develops Fully Stretchable OLED
Qibing Pei has led a UCLA team in developing the first fully stretchable organic light-emitting diode.
TDK Doubles Data Density of Hard Drives
Japan's TDK Corp. has doubled the recording capacity of hard disk drives using a new type of recording head.
Japan Sells Gold While Other Nations Buy
Japan is the only major economy where more gold is being sold than bought.
Samsung Pushes Own Bada OS with Wave Smartphones
Samsung powers up its software ambitions with three new smartphones running its proprietary OS.
Monica Woo Tapped to Head Up Sears Marketing
On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp
Ex-China Mobile Chairman Gets Death Sentence
A former China Mobile executive who had confessed to accepting $2.6 million in bribes was given a death sentence on Tuesday.
David Wang Creates Personal Activity Logger
David Wang wants to motivate the average person to achieve fitness goals by staying active in the real world.
China's Rare Earth Dealers Hurt by Price Plunge
A sudden price plunge has caught China's rare earth dealers holding big inventories bought at high prices.
BYD Plans Massive Layoffs As Auto Sales Plunge
The Chinese battery-maker picked by Warren Buffet to become a giant of the global electric-car market is shrinking its workforce as sales plunge.
Kai-Fu Lee Raises $180 Mil. for China Tech Incubator
Former search-engine wizard Kai-Fu Lee has raised $180 million more in venture capital for his China startup incubator.
Chinese Money Behind $1.2 Bil. Offer for Dodgers
Dodgers owner Frank McCourt has received a $1.2 billion offer for the Dodgers funded by China's state-owned investment firms.
Hong Kong Has 3 of World's 10 Priciest Streets
Hong Kong's Causeway Bay trails only Manhattan's Fifth Avenue in a list of the world's most expensive shopping boulevards.
iPad Popularity Revives Shenzhen PC Makers
Shenzhen's PC manufacturers enjoy an unexpected boom thanks to the demand for “white box” tablet PCs.
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